There are lots of important numbers to keep in mind when planning for retirement. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change but are used frequently. Given the variety of sources that report relevant numbers, it can be difficult to quickly find the right reference when you need it. In response to this challenge, we’ve created the two-page “Important Numbers” resource.
Although increasingly rare, employer pensions can make up a considerable portion of some retirees' expected retirement benefits. Whether they are nearing retirement or are already receiving ongoing pension payments, some individuals may have the option to choose a lump sum distribution/buyout instead of a lifetime stream of payments. Several factors must be analyzed in order to determine what course is best for each retiree's unique circumstances.
Whether you are a novice or an experienced investor, it is critical to review your investment portfolio as part of the financial planning process. Particularly during times of uncertainty and volatility, a portfolio review can help you evaluate and confirm your strategy, ensuring alignment with your financial goals. This checklist provides suggestions on factors to consider when reviewing your investment portfolio.
401(k)s and IRAs have many unique features that may be beneficial to retirees, depending on their circumstances. The decision to roll funds out of a former employer’s plan involves more factors than just fees and investment selection. To help make this analysis easier, we have created the “Should I Roll Over My Dormant Traditional 401(k)?” flowchart. It addresses some of the most common issues that should be considered before doing a rollover.
The end of the year provides a number of planning opportunities and issues to be addressed. Year-end topics can include tax planning, investment and retirement accounts, charitable giving, cash flow and savings, insurance and estate planning. In this checklist, we cover a number of planning issues that you may need to consider prior to year-end to ensure you stay on track.